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MTG Signs Agreement to Acquire LNT free-TV group in Latvia
Fresh Times Group MTG AB (publ.) (‘MTG’ or ‘the Assemblage’), the international entertainment broadcasting gather, today announced that it has signed an understanding to acquire 100% of AS Latvijas Neatkarīgā Televīzija (‘LNT’) in Latvia for an undisclosed coin of the realm consideration. LNT is the second largest bountiful-TV operator in Latvia, and broadcasts state channel LNT, Russian language channel TV5 and relaxation channel LMK. The closing of the transaction is humble to regulatory approval by the Latvian Contest Council.
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